Mortgage Rate Update

Submitted by Rich Toscano on December 17, 2006 - 4:16pm

The causes of the housing market's well-documented ills, whatever those causes may be, do not appear to include interest rates.

The average rate on a 30-year fixed mortgage has declined steadily since July and now rests near levels not seen since 2005. The average 1-year adjustable-rate mortgage (ARM) rate has likewise fallen, but still rests above its early 2006 levels.

read more at voiceofsandiego.org

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Submitted by vfsv on December 17, 2006 - 5:12pm.

We track DQ & find the reported y-o-y percentages have diverged from what the actual facts show.

The latest set of corrected Silicon Valley RE stats are now posted at:
http://www.viewfromsiliconvalley.com/id2...

Thanks!
www.viewfromsiliconvalley.com

(now if we could just figure out how to post the nifty charts instead of tables...)

Submitted by powayseller on December 17, 2006 - 8:08pm.

I commend you for finding a unique, and likely more accurate, measure of home price changes.

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